1. Alberto Alesina is Professor of Political Economy, Harvard University, Cambridge, Massachusetts. Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts. Fellow at the Innocenzo Gasparini Institute for Economic Research (IGIER), Università Bocconi, Milan, Italy, and also Research Fellow at the Centre for Economic Policy Research, London, United Kingdom.
2. Carlo Favero is Professor of Finance, Bocconi University, Milan, Italy. Fellow at the Innocenzo Gasparini Institute for Economic Research (IGIER), Università Bocconi, Milan, Italy, and also Research Fellow at the Centre for Economic Policy Research, London, United Kingdom.
3. Francesco Giavazzi is Professor of Economics, Bocconi University, Milan, Italy. Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts. Fellow at the Innocenzo Gasparini Institute for Economic Research (IGIER), Università Bocconi, Milan, Italy, and also Research Fellow at the Centre for Economic Policy Research, London, United Kingdom.